1959: Ask Farnoosh: Prep for a Recession? Also: The Price of Aging and Long-Term care
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 20 March 2026
⏱️ 52 minutes
🧾️ Download transcript
Summary
Register for Farnoosh's free webinar on How to Get a Book Deal.
In this episode, Farnoosh opens with a candid reflection on media narratives around Iranian identity and addresses a recent editing glitch from a prior interview.
From there, the conversation turns to a growing concern on many economists’ minds: Are we heading toward a recession in 2026?
With oil prices climbing past $100 per barrel and historical data linking energy shocks to economic downturns, Farnoosh breaks down what this could mean for your money—and how to prepare with what she calls a mindset of “healthy panic.”
The episode also dives deep into the rising costs of long-term care, why traditional insurance options are becoming less accessible, and what newer hybrid solutions could offer families trying to plan ahead.
Plus, a powerful excerpt from Senator Andy Kim, who shares his personal connection to elder care through his father’s Alzheimer’s diagnosis.
Finally, Farnoosh answers listener questions about:
- Supporting aging parents while still saving for your own future
- Navigating financial misalignment in relationships when one partner is giving more to family
Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!
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Transcript
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| 0:00.0 | So Money episode 1959, Ask Farnoosh. |
| 0:04.3 | You're listening to So Money with award-winning money guru Farnoosh Karabi. |
| 0:09.2 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
| 0:14.5 | authors, influencers, and from Farnoose yourself. |
| 0:18.5 | Looking for ways to save on gas or double your double coupons? |
| 0:22.2 | Sorry. |
| 0:23.1 | You're in the wrong place. |
| 0:24.5 | Seeking profound ways to live a richer, happier life. |
| 0:27.9 | Welcome to So Money. |
| 0:31.0 | Welcome to So Money, everybody. |
| 0:32.6 | I'm Farnoose Tarabi. |
| 0:34.0 | It is Friday, March 20th, 2026. |
| 0:37.3 | It is almost spring. Happy Noroos, Persian New Year to my Persian |
| 0:42.2 | Iranian friends all over the world. It's a challenging time, of course, to be Iranian and Persian, |
| 0:49.1 | however you identify. I call myself Persian. I was just watching the comedian Max Amini. |
| 0:56.6 | He is an Iranian comedian. |
| 1:02.3 | And he's actually the first Iranian comedian to sell out Madison Square Garden. |
| 1:12.5 | And he's been doing a lot of interviews about the war and just, you know, what it means to be Iranian and what it means to have kind of been witnessing the last 46, 47 years of conflict in the country, you know, living there as an Iranian is incredibly |
| 1:19.0 | painful. The regime there is just brutal. It's unimaginable. Like I think that's one thing he said |
| 1:24.9 | is that I don't think people really understand how bad it was there |
| 1:29.5 | for 46 years for people living in Iran so bad that when your country is getting bombed as it is |
| 1:38.3 | currently that there is a part of you that is happy about that because at the core you realize this may be the only |
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